How much money will you get after taxes if you win the Mega

how much do they tax lottery winnings
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The IRS considers lottery winnings as gambling winnings and taxes the income the same as other types of ordinary income This means you'll pay

Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000

how many hands in poker The winnings from the games need to be more than Rs 10,000 If someone has won a game, a competition, or a lottery, they will have to know about Section 194B

how to win a slot machine You have to pay the taxes for those winnings in full The point is valid for all winnings, regardless of how you might have acquired those funds